Shanghai Ruking Technologies Co (SZSE:301525) Receivables Turnover : 0.80 (As of Mar. 2024)

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What is Shanghai Ruking Technologies Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Shanghai Ruking Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥294 Mil. Shanghai Ruking Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥368 Mil. Hence, Shanghai Ruking Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.80.

Shanghai Ruking Technologies Co Receivables Turnover Historical Data

The historical data trend for Shanghai Ruking Technologies Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shanghai Ruking Technologies Co Receivables Turnover Chart

Shanghai Ruking Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.34

4.29

5.25

4.61

3.79

Shanghai Ruking Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								0.88	1.00	0.96	0.81	0.80

Competitive Comparison of Shanghai Ruking Technologies Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shanghai Ruking Technologies Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shanghai Ruking Technologies Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Ruking Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Ruking Technologies Co's Receivables Turnover falls into.

Shanghai Ruking Technologies Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Shanghai Ruking Technologies Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1544.551	/ (	(409.59	+	405.192)	/	2 )
=	1544.551	/	407.391
=	3.79

Shanghai Ruking Technologies Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	293.904	/ (	(405.192	+	330.629)	/	2 )
=	293.904	/	367.9105
=	0.80

Shanghai Ruking Technologies Co (SZSE:301525) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Shanghai Ruking Technologies Co Receivables Turnover Related Terms

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Shanghai Ruking Technologies Co (SZSE:301525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Ruking Technologies Co Ltd (SZSE:301525) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Lane 1688, Guoquan North Road, Room 1204A, No. 75, Yangpu, Shanghai, CHN, 200438

Website

http://www.ruking.com

Shanghai Ruking Technologies Co Ltd is engaged in research & development, production and sales of comprehensive products in the field of power electronics and motor control. The main products include heating, ventilation, air conditioning and refrigeration equipment (HVAC/R) Variable frequency drives and system controllers, variable frequency drives and controllers in the field of thermal management systems for new energy vehicles, servo drives and servo motors in the field of industrial servo drives and control systems.

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